News about ST

KUALA LUMPUR (March 3): Eco World International Bhd (EWI), the special-purpose vehicle set up by the EcoWorld Group in 2013 to acquire real estate assets overseas for development that is en route to a listing on the Main Market of Bursa Malaysia will allocate a bonus issue of two warrants in EWI for every five EWI shares held after its initial public offering (IPO).

KUALA LUMPUR (March 2): Sime Darby Property Bhd, the property arm of Sime Darby Bhd, announced its collaboration with Tan Sri Halim Saad’s KYS Education Group to establish the KYS International School within the KL East development here.

THE Johor property market continued to be weak in 4Q2015, as market sentiment remained low and pessimism increased as the global economy deteriorated.

KUALA LUMPUR (March 1): Malton Bhd plans to launch the third and final phase of its freehold serviced apartments at Bukit Jalil City development here in September, said a spokesperson for the developer.

Construction sector Maintain “overweight”: The Edge weekly reported that IJM Corp Bhd, Sunway Construction Group Bhd (SunCon) and Gadang Holdings Bhd are among the leading contenders for major work packages under the mass rapid transit (MRT) 2 line.

  PETALING JAYA (Feb 29): Best Buy Property, which will kick off this Thursday, is targeted to attract 8,000 visitors and expected to reach sales of RM18 million, according to the organiser of the exhibition.

KUALA LUMPUR (Feb 27): Green Target Group plans to bring Kuala Lumpur’s lifestyle to the small town by launching The Colonial in Raub, Pahang this August.

PETALING JAYA (Feb 24): About 33% of London’s West End homes were sold for above £2,250 psf in the final quarter last year (4Q2015), compared with 10% of the market a year ago, said international property services firm CB Richard Ellis (CBRE) senior director Jamie Gunning in the firm’s report on the area’s residential market.

KUALA LUMPUR (Feb 26): Real estate investment consultancy Cornerstone International Properties is launching London Spring Place (LSP), a new phase of a London purpose-built student accommodation project, in Malaysia tomorrow despite the poor local economic sentiment.

PETALING JAYA (Feb 26): The second tower of The Tamarind executive apartments in Penang by  Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement.